Vancouver, B.C., December 3, 2002 --- DRC Resources Corporation (DRC--TSXV) latest drilling continues to expand the size and increase the grade of the Afton Main Mineral Zone. A higher grade copper-gold intersection assayed 2.43% copper and 0.121 oz/t gold over a 24 metre (79 ft) drill core length.
Diamond Drill Hole 66 (2K02-66) intersected the 260 m (853 ft) of mineralization over apparent true width of 120 m (394 ft). DDH 66 is 110 m (360 ft) southwest of DDH-65 which intersected 248 m (814 ft) of 2.40% Copper Equivalent. The latest drill holes indicate a higher grade of mineralization and widening of Afton Main Mineral Zone towards the Northwest beyond the 2000-2001 indicated mineral resource of 37.7 million tons of 2.32% Copper Equivalent. (Reference: April 25, 2002 Press Release, Afton Mineral Resource Study) To date the Copper-Gold Mineralization has been traced over an overall length of 1000 metre (3300 ft) and remains open along the strike length and to depth. Ongoing drilling is being conducted to further outline the extent of the mineralization.
DDH 2K02-66 @ -67°/122° assayed 2.48% Copper Equivalent over a drill core length of 200 m (656 ft). Higher grade intervals within the overall intersection assayed 5.45% Copper Equivalent over a 24 metre (79 ft) drill core length and 3.89% Copper Equivalent over a 42 metre (138 ft) drill core length. Refer to drill location map attached to this press release.
ASSAY INTERSECTIONS FOR DDH 2K02-66
Core Length
m (ft) |
Depth
m |
Copper
% |
Gold
oz/t |
Palladium
oz/t |
Silver
oz/t |
Copper Equiv.
% |
| 200 (656) |
446-646 |
1.20 |
0.049 |
0.006 |
0.125 |
2.48 |
| Including |
|
|
|
|
|
|
| 56 (184) |
446-502 |
1.75 |
0.080 |
0.007 |
0.133 |
3.75 |
| 24 (79)* |
452-476 |
2.43 |
0.121 |
0.009 |
0.192 |
5.45 |
| 52 (170) |
502-554 |
0.25 |
0.023 |
0.005 |
0.030 |
0.90 |
| 92 (302) |
554-646 |
1.41 |
0.044 |
0.006 |
0.175 |
2.60 |
| 42 (138)** |
604-646 |
2.46 |
0.053 |
0.006 |
0.298 |
3.89 |
Metal Prices US$: Cu $0.70/lb, Au $320/oz, Pd $300/oz, Ag $4.50/oz
* Included in interval 446-502 m.
** Included in interval 554-646 m.
2002 drilling indicates the mineral zone is still open beyond the indicated mineral resource boundaries to the Northeast and the Southwest. Drilling continues 24 hours a day with 2 drill rigs. Additional holes are being drilled to extend the zone along trend and results will be announced accordingly.
DRC Resources Corporation is continuing with the overall $4.7 million Diamond Drill Program as recommended by its independent engineer. DRC is debt free and well financed to continue the Afton Copper-Gold Project, located in Kamloops, B.C.
For further information on DRC and the Afton Project, please visit our web site at www.drcresources.com or call us at 604-687-1629.
On behalf of the Board of Directors
"John H. Kruzick"
John H. Kruzick, President
DATE: December 3, 2002
Shares Issued: 9,133,766 common shares
U.S. Rule 12g3-2(b) Exemption
CUSIP NO. 233296 10 2
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release.
CAUTIONARY NOTE: Statements in this press release are a preliminary assessment of potential economics under a certain set of parameters and assumptions. The indicated mineral resource is not a mineral reserve and does not demonstrate economic viability. Further studies will be required to determine economic viability. The company relies on litigation protection for "forward-looking" statements.
Click here for accompanying map
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